RE: TLW BE 35 USD3 May 2020 16:24
Either you’re confused or i am getting this wrong.
The $35 b/e reduction from $45 is due to the hedging at $57.....
From the statement :
With the benefit of the Group's hedging policy and production remaining on track within the Group's 70-80 kbopd guidance range, this results in a free cash flow breakeven oil price of c.$35/bbl for the rest of the year.
I might be getting this wrong but happy to be corrected.